Is BitTorrent (BTT) Halal or Haram?
Shariah compliance review of BitTorrent (BTT) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
BitTorrent is recognized as a peer-to-peer file transfer protocol that has now evolved into a blockchain network, rewarding users for seeding files. While illegal piracy activities do occur on BitTorrent, these actions do not reflect the network itself, which functions solely as a file transfer protocol. Our assessment indicates that BitTorrent's reward system, features, and overall ecosystem are neutral and align with Shariah compliance. Source: sharlife.my
Staking verdict: Non-Comfortable
There is no participating on consensus protocol on this network for users. Therefore, deposits on CEX's and lending/borrowing protocols are to be avoided.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.